Oil production in North Dakota from horizontal wells rose by less than 1% m-o-m in February, to 1.05 million b/d. Natural gas output increased by 2% to 2.8 Bcf/d. Only 63 new horizontal wells came online in the first 2 months of this year, compared with 180 in 2020 and 68 in 2021 during the same period.
Tight oil production in the Eagle Ford has hovered at around 1.05 million b/d since the start of this year, near the lowest levels in 9 years, and came in at just above 1 million in July (there will still be some minor upward revisions). If you switch product to ‘gas’, you’ll see that the picture for natural gas is rather different, and that it has been increasing in the last 2 years to just over 6 Bcf/d.
Permian tight oil production grew to just below 5.3 million b/d in April (after upcoming revisions, horizontal wells only). However, April production has only been reported for a little over 70% (this is about 85% on the Texas side), which explains the drop you’re seeing for that month. April natural gas production was around 20.7 Bcf/d (also after upcoming revisions), a new record.
Permian tight oil production topped 5 million b/d at the end of last year and came in at around 5.2 million b/d in January (after upcoming revisions, horizontal wells only). January natural gas production was close to 20 Bcf/d, over half the amount that was produced in the Appalachia Basin. Last year 5474 horizontal wells were completed in the Permian, 15% more than in 2021.